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A shopkeeper sells his articles in such a way that the selling price of 5 articles is equals to the cost price of 3 articles. Find his profit or loss percentage in that transaction.1. 40% profit2. 40% loss3. 33.33 profit4. 33.33 loss |
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Answer» Correct Answer - Option 2 : 40% loss Given selling price of 5 articles is equals to the cost price of 3 articles Formula used Profit % = \(\frac{{SP - CP}}{{CP}} × 100\) Calculation SP of 5 article = CP of 3 article ⇒ 5 SP = 3 CP ⇒ \(\frac{{CP}}{{SP}} = \frac{5}{3}\) ⇒ Loss = 5 - 3 ⇒ 2 ⇒ Loss% = \(\frac{2}{5} × 100 = 40\% \) ∴ Loss % is 40% |
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